Quantcast

Owner of vintage store in Echo Park and other locations faces prison sentence for failing to report $3.7 million to the IRS

AS American VIntage store in Echo Park

Echo Park  — The owner of a chain of vintage stores, including one on Sunset Boulevard in Echo Park, has pleaded guilty after authorities said he failed report $3.7 million in income to the I.R.S., said the U.S. Attorney’s Office.

Jose Martin Andrade Flores, owner of  American Superior Used Clothing, did not tell his tax preparer of cash sales and deposits into foreign bank accounts that were made on behalf of his company from 2012 to 2016, according to prosecutors.

American Superior purchased used clothing and would sell it wholesale worldwide and locally at the Rose Bowl swap meets, sidewalk locations in East Los Angeles and retail stores on Melrose Boulevard, Hollywood, Echo Park and Pasadena. The store in Echo Park — AS American Vintage — operates at 1707 Sunset Blvd, said U.S. Attorney spokesman Thom Mrozek.

Flores, a 53-year-old resident of Downey, specifically pleaded guilty to filing a false corporate income tax return form in 2013. As part of this case, Flores agreed to pay all back taxes, interest and penalties

Flores, who is scheduled to be sentenced Dec. 3, faces a maximum sentence of three years in federal prison.

Capture
The Eastsider’s Daily email digest includes all new content published on The Eastsider during the last 24 hours. Expect the digest to land in your in email in box around 7 p.m. It’s free to sign up!

Once you submit your information, please check your email box to confirm your subscription.


Post a Comment

Please keep your comments civil and on topic and refrain from personal attacks. The moderator reserves the right to edit or delete any comments. The Eastsider's Terms of Use and Privacy Policy apply to comments submitted by readers. Required fields are marked *

*